Warehouse with Grade-Level OH
For Sale
Contact for pricing
399 N M L King Jr Pkwy, Beaumont, TX 77701
Warehouse includes eight grade-level overhead doors, fire sprinklers, and fenced yard with gate-controlled entries.
Property Size15,614 SF
Price / SF$89.66
Days on Market423
Property Features for 399 N M L King Jr Pkwy
General Information
Standard status
Active
Size
15,614 SF
Total Parking Spaces
7
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
8
Heavy Power
Yes
Sprinkler System
Yes
Amenities
flag poles
electric gate entries
Listing Agency:
J.M. Prewitt Company
(409) 892-3000
Listed By:
J Milton Prewitt, SIOR
(409) 658-1189
Source:
Moodyscre
Added: Jul 21, 2025
Changed: Sep 15
Last Checked: Sep 15 at 11:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of J.M. Prewitt Company
Investment Insights
Based on property information with market context.
This warehouse offering features eight (8) at-grade overhead doors, a 3-phase electrical service, and fire sprinklers throughout. The property also includes a fenced site with electric gate entry and three flag poles, along with on-site parking for visitors and staff.
Site parking is available with five spaces at the front door, plus two private, secured, and covered parking spaces accessed off of Broadway. The property is described as centrally located with easy access to Interstate 10, and it benefits from reported traffic counts on M.L. King, Jr. Parkway.
The site is zoned GC-MD on M.L. King, Jr. Parkway and HI on 1st Street, providing documented flexibility based on frontage/lot line zoning.
Site parking is available with five spaces at the front door, plus two private, secured, and covered parking spaces accessed off of Broadway. The property is described as centrally located with easy access to Interstate 10, and it benefits from reported traffic counts on M.L. King, Jr. Parkway.
The site is zoned GC-MD on M.L. King, Jr. Parkway and HI on 1st Street, providing documented flexibility based on frontage/lot line zoning.
Key Highlights
- Warehouse with (8) grade‑level overhead (OH) doors
- Fire sprinkler system and 3‑phase electrical service
- Fenced yard with electric gate entries and gate‑controlled access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$126,574
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,531,480
$2.5M
Cap Rate 7%
$1,808,200
$1.8M
Cap Rate 9%
$1,406,378
$1.4M
Market Conditions
NOI Build-Up for 15,614 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$159.3K $10.20/SF
− Vacancy
−$10.4K −$0.66/SF
EGI
$148.9K $9.54/SF
− OpEx
−$22.3K −$1.43/SF
NOI
$126.6K $8.11/SF
Area
Beaumont, TX
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,531,480
Cap Rate 7%
$1,808,200
Cap Rate 9%
$1,406,378
Alternative Uses
Best Use
Warehouse
$1.81M
$1.58M – $2.11M
NOI $126,574 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,118 @ 7.0% cap · market cap 18.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
8
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
915
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77701, TX
13,232
Population
5,755
Households
2.3
Avg Household Size
37
Median Age
8%
College-Educated
73%
High-School Grad
6.9 sq mi
ZIP Area
1,918
Density / Sq Mi
$48,711
Median Household Income
$31,347
Median Earnings
$952
Median Rent
$79,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse includes eight grade-level overhead doors, fire sprinklers, and fenced yard with gate-controlled entries.
Where is this warehouse located?
The property is located at 399 N M L King Jr Pkwy Beaumont, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Warehouse with (8) grade‑level overhead (OH) doors; Fire sprinkler system and 3‑phase electrical service; Fenced yard with electric gate entries and gate‑controlled access
